Existing Home Sales Increase in February
Washington, DC, March 21, 2013 -- Existing-home sales rose 0.8% in February to an annual rate of 4.98 million, the highest level since November 2009, according to the National Association of Realtors.
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NAR upwardly revised January's rate up to 4.94 million from 4.92 million. Inventories rose 9.6% in February to 1.94 million existing homes for sale.
Compared to a year ago, the median sales price rose 11.6% to $173,600.